CS Executive · Company Law and Practice · General Meetings
Sunrise Textiles Pvt Ltd (not a One Person Company) was incorporated on 10 June 2024 and its first financial year closed on 31 March 2025. By which date must it hold its first annual general meeting under the Companies Act, 2013?
The first AGM must be held by 31 December 2025, because the first AGM is due within nine months from the closing of the first financial year, which ended 31 March 2025. The six-month limit applies only to other AGMs.
- A30 September 2025
- B31 December 2025Correct
- C30 June 2025
- D31 March 2026
Explanation
For the first AGM, the company has nine months from the closing of the first financial year. Nine months from 31 March 2025 ends on 31 December 2025. The six-month period (30 September) applies only to later AGMs, so it is wrong here.
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